Common use of Future Development Clause in Contracts

Future Development. Borrowers shall not undertake any on-site construction, demolition or rehabilitation work at any Property (other than tenant improvements under leases approved by Agent or under leases which do not require Agent's consent and capital improvements on the Properties done in the ordinary course of business) without the prior written consent of Agent, which consent shall not be unreasonably withheld or delayed.

Future Development. Borrowers Borrower shall not undertake any on-site construction, demolition or rehabilitation work at any Property (other than tenant improvements under leases approved by Agent or under leases which do not require Agent's consent and capital - 44- Loan Agreement (KBS REIT II) improvements on the Properties done in the ordinary course of business) without the prior written consent of Agent, which consent shall not be unreasonably withheld or delayed.

Future Development. Borrowers shall not undertake any on-site construction, demolition or rehabilitation work at any Property (other than tenant improvements under leases approved by Agent or under leases which do not require Agent's ’s consent and capital improvements on the Properties done in the ordinary course of business) without the prior written consent of Agent, which consent shall not be unreasonably withheld or delayed.

Future Development. Borrowers Borrower shall not undertake any on-site construction, demolition or rehabilitation work at any Property (other than tenant improvements under leases approved by Agent or under leases which do not require Agent's consent and capital improvements on the Properties done in the ordinary course of business) without the prior written consent of Agent, which consent shall not be unreasonably withheld or delayed.

Future Development. Borrowers Borrower shall not undertake any on-site construction, demolition or rehabilitation work at any Property on the Land (other than tenant improvements under leases approved by Agent or under leases which do not require Agent's consent and capital improvements on the Properties Property done in the ordinary course of business) without the prior written consent of Agent, which consent shall not be unreasonably withheld or delayed.